Commercial Forecast for 2014

2. WHERE ARE WE HEADED?????

3. •Multi-Family
•Office
•Retail
•Industrial

4. MULTI-FAMILY
7.3% Vacancy Rate
$0.97 psf Rents

5. Demand
Absorption (4168 units)
Occupancy (-0.46%)
Rental Rates (3%)

6. Fairdale
Apartments202 units
Oakdell Way
Townhomes100 units
Carrington
Place-172
units
Portfino
Apartments272 units

7. 17 properties
1135 units

8. •
•
•
•
•
•
•
Peanut Factory Lofts
S. Frio
Elan Riverwalk
Cesar Chavez
Big Tex
Blue Star
Urban Crest
Harry Wurzbach
Park at West Ave
West Ave
Brackenridge @ Midtown
Legacy Brooks
Pickwell
90 units
350 units
320 units
208 units
360 units
282 units
412 units

10. Office
18.8% Vacancy Rate
$19.59 psf Rents

11. Demand
Absorption (334,080 sft)
Occupancy (2.1%)
Rental Rates (1.8%)

12. Spectrum
Building
(173,818 sq ft)
Buyer: Pace
Properties
Northwest
Center
(241,405 sq ft)
Buyer:
Westdale
Capital
Eilan
(205,251 sq
ft)
Buyer: Lone
Star Funds
One Riverwalk
(261,431 sq ft)
Buyer: US Real
Estate LP

13. 816 Cameron
109,606 sf
8122 Datapoint
190,819 sf
Fourwinds Dr
80,536 sf
Tesoro Dr
234,288 sf

14. •
87,000 sft
Scooter Store
•
42,293 sft
IBC Centre I
•
35,644 sft
•
35,603 sft Bakery on Broadway
•
38,385 sft
Brooks City Base
Fountainhead Tower

15. Lockhill Crossing
25,325 sf
Westridge One at La Cantera
128,700 sf

16. RETAIL
10.7 % Vacancy
$16.23 psf NNN Rent

17. Demand
Absorption (263,583 sft)
Occupancy (1.1%)
Rental Rates (2.8%)

18. San Pedro
Crossing
(207,120 ft)
Buyer: ARC
SP San TX
Stone
Ridge
Market
(218,436sf)
Buyer:
Inland
American
Camelot Plaza
(91,267 sf)
Buyer: LG
Acquisitions
LLC
Culebra
Market
(38812 sf)
Buyer:
USAA

19. 9200 Broadway
60,000 sft
Dezavala Oaks
21,908 sft

20. 54,318 sft Former Target
48,633 sft Westover Mktplc
38,597 sft Former Mervyns
32,000 sft DeZavala Crossing
27,356 sft Westlakes Village

22. Industrial
7.3% Vacancy Rate
$7.54 psf Rents

23. Demand
Absorption (1.15 mil sft)
Occupancy (3.3%)
Rental Rates (4.7%)

24. Rittiman
Industrial Park
(1.2 mil sq ft)
9707 Broadway
(107,133 sq ft)
Buyer: Elliott
Partners
Buyers: Atlas
Park Central Corp Center
(98,560 sq ft)
Buyers: CA Real Property Inc.

25. AT&T Pkwy
135,600 sft
Levi Strauss
Plant
200,000 sft
Coca Cola
Place
110,000 sft
Stout Dr,
171,856 sft

26. •
128,354 sf
UPTC III & IV
•
120,041 sf
64,800 sf
50,372 sf
19500 Bulverde
Lanark DC
Alamo Downs DC
•
120,760 sf
655 Richlands Hills
•
89,600 sf
Port San Antonio
•
55,025 sf
Tri-County DC 3

27. Glazer’s
518,000 sft
Mission Rail Park
1000+ acres
JoAnne
Holt Cat
40,000 sft
Skyonic
$126 mil.
chemical
facility

28. So, where are we headed???

29. Heading towards a BOOM!!!!!
Boom Market
Extensive
Construction
2007
Boom Market
Over-Building Saturated
Market
Occupancy
Decreases
Rent
Reductions
Multi-Family
Replacement Cost
Active Construction
Industrial
Office
Retail
Recession
Occupancy
Increases
Rising Rent
& Values

31. San Antonio CRE Market